Six Flags launches amendment regarding allocation of lender payments

By Sara Rosenberg

New York, July 8 - Six Flags Inc. held a call on Wednesday to launch an amendment to its credit facility that would allocate payments from certain events and circumstances ratably among term loan and revolver lenders, according to an 8-K filed with the Securities and Exchange Commission.

These events would include free cash flow prepayments, asset dispositions and certain future debt issuances.

The amendment would also provide term loan lenders with the protections of a senior secured leverage covenant on the same terms presently afforded to revolver lenders.

JPMorgan is the administrative agent on the deal.

Six Flags is a New York-based theme park company.

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